RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

FG Denies Food Shortage As the Cause of National Protests

Akpan Edidong by Akpan Edidong
February 7, 2024
in Economy, inflation, Politics
Reading Time: 2 mins read
A A
0
FG Denies Food Shortage As the Cause of National Protests
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

In response to mounting protests over high prices and alleged food shortages in some states, the Chief of Staff to the President, Mr. Femi Gbajabiamila, convened a high-level meeting at the Presidential Villa, Abuja. The closed-door session, attended by key government officials including the National Security Adviser, NSA, Mallam Nuhu Ribadu, and several ministers, addressed concerns surrounding food security and the recent demonstrations.

The meeting, held on Tuesday, saw the participation of prominent figures such as the Governor of the Central Bank of Nigeria, Yemi Cardoso, and various ministers including those of Education, Finance, Budget and National Planning, and Agriculture, among others.

AlsoRead

Inflation Rate Falls to 15.43% in July, NBS Reports

Food Inflation Climbs to 20.31% in July, Marking Fifth Straight Monthly Rise

NRS Chairman: Ending Fuel Subsidy Averted N53 Trillion Bill and Naira Crash to N3,500

The discussions come amidst conflicting narratives between the ruling All Progressives Congress (APC) and opposition parties regarding the nature and motives behind the protests. While the APC accused the opposition of instigating anti-government demonstrations under the guise of addressing rising living costs, opposition parties countered, attributing the unrest to genuine grievances over economic hardships.

In a briefing following the meeting, the Minister of Information and National Orientation, Mohammed Idris, conveyed President Bola Tinubu’s concern over the situation and disclosed that the President had directed the establishment of a Presidential Committee to address the issue. Emphasizing the government’s assurance of sufficient food supplies, Idris noted the role of certain elements exploiting high food prices and currency depreciation to foment unrest.

Acknowledging the protests in Minna, Niger State, and Kano, the government underscored its commitment to alleviating the populace’s plight. The Minister outlined immediate measures, including unlocking food reserves and enhancing distribution channels, to ensure food accessibility for Nigerians.

In response to accusations from the APC that the protests were politically motivated, opposition parties defended the demonstrators’ right to express dissatisfaction with prevailing economic conditions. The Peoples Democratic Party (PDP), Labour Party (LP), and Coalition of United Political Parties (CUPP) criticized the APC for attempting to politicize legitimate grievances and urged the government to address the root causes of public discontent.

As the government seeks to quell unrest and address economic challenges, President Tinubu’s return from a private visit to France signals heightened attention to domestic affairs. With concerns over food security and rising living costs at the forefront, Nigerians await tangible solutions from the government to alleviate their hardships and restore stability.

Tags: APCFood shortagegovernment responseoppositionPDPPresidential Committeeprotestssecurity.
Previous Post

Interest Rates Expected to Rise as CBN Plans Record N1 Trillion Treasury Bill Auction

Next Post

A Slow Fiscal Death’ Awaits Some Countries in this ‘decade of debt -Arthur Laffer

Related News

Understanding Inflation: How Rising Prices Impact Your Finances.

Inflation Rate Falls to 15.43% in July, NBS Reports

by Victoria Attah
August 19, 2026
0

Nigeria’s headline inflation rate declined to 15.43 per cent in July, according to the National Bureau of Statistics. The figure...

Navigating Inflation Crossroads: Nigeria’s Economic Odyssey Amidst Global Trends

Food Inflation Climbs to 20.31% in July, Marking Fifth Straight Monthly Rise

by Victoria Attah
August 19, 2026
0

Nigeria’s food inflation rate rose to 20.31 per cent in July from 17.52 per cent in June, an increase of...

FG Saves N1.45 Trillion as Petrol Subsidy Removal Benefits Emerge

NRS Chairman: Ending Fuel Subsidy Averted N53 Trillion Bill and Naira Crash to N3,500

by Stephen Akudike
August 17, 2026
0

The petrol subsidy could have drained as much as N53 trillion from government coffers under present market conditions and driven...

Petrol Prices Surge in West Africa as Nigeria Removes Subsidies.

NRS Chairman: Fuel Subsidy Could Have Cost N53 Trillion

by Akpan Edidong
August 12, 2026
0

The Chairman of the Nigeria Revenue Service, Zacch Adedeji, has said that Nigeria’s fuel subsidy bill could have ballooned to...

Next Post
A Slow Fiscal Death’ Awaits Some Countries in this ‘decade of debt -Arthur Laffer

A Slow Fiscal Death’ Awaits Some Countries in this ‘decade of debt -Arthur Laffer

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

NAFEM Turnover Climbs to $1.41 Billion, Highest Level in Five Weeks

August 19, 2026
NEC Affirms CBN $3 Billion Loan for Naira Stability

CBN Reopens OMO Market to Retail Investors, Raising Pressure on Weak Equities

August 19, 2026

Popular Story

  • Shocking: “Undress” An AI Tool That Unveils Digital Representations of Individuals Without Clothing

    Shocking: “Undress” An AI Tool That Unveils Digital Representations of Individuals Without Clothing

    0 shares
    Share 0 Tweet 0
  • 31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0
  • CBN Reopens OMO Market to Retail Investors, Raising Pressure on Weak Equities

    0 shares
    Share 0 Tweet 0
  • Saudi Wealth Fund Buys a Shares in Italian Supercar Producer Pagani

    0 shares
    Share 0 Tweet 0
  • FG Orders Oil Producers to Supply Crude to Dangote, Other Refineries

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>